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Home My WebLink About2023-01-24 FC Regular Meeting Agenda PacketFINANCE COMMITTEE CITY OF PALM DESERT, CALIFORNIA AGENDA Tneaaay � � m:do a.m. January29, 2029 Regular Meeting North Wing Conference Room 71510 Fred Waring Dnve Palm Desert, CA M60 Pursuant to Assembly Bill 361, this meal may be conducted by teleconference. To participate via Zoom, use the following link: helps ://oalm ldrert.wom.ust/862260]81]6 or call (213) 3W-M77, Zoom Meeting ID: 862 2607 8176. • Written public comment may also be submitted to scastroAcoodpalmdowitors. Emil received by 9:00 a.m. prior to the meeting will be distributed to the Committee. Any correspondence received during or after the meeting will be distributed to the Committee as soon as practicable and retained for the official record. Emails will not be read aloud except as an ADA accommodation. 1. CALL TO ORDER 2. ROLL CALL 3. NONJIGENDA PUBLIC COMMENT: This time has been sat wide for the public to address the Finance Committee on issues that are not on the agenda for up to three minutes. Because the Brown Ad tices not allow the Committee to ad on items not listed on the agenda, embers may briefly respond or refar the enchanter withers report and recommendation at a future meeting. 4. CONSENT CALENDAR: All matters listed on the Consent Calendar are considered routine and may be approved by one motion. The public may comment on any items on the Consent Agenda within the three.minute time limit. Individual items may be removed by Committee Members for a separate discussion. A. APPROVALOF MINUTES RECOMMENDATION: Approve the Finance Committee Special Meeting minutes of November 29, 2022. City of Palm Desert Page 1 Finance Committee Agenda January 24 2023 S. ACTION CALENDAR A. FINANCE DIRECTOR'S REPORT FOR GENERAL FUND FINANCIAL REPORT AND PARRW EW OFFICE COMPLEX FINANCIAL REPORT RECOMMENDATION: 1. Receive and fle the General Fund Financial Report for the months ending November 30 and December 31, 2022. 2. Receive and file the Parknew Office Complex Financial Report for the months ending November 30 and December 31, 2022. B. DESERT WILLOW GOLF RESORT FINANCIAL REPORT RECOMMENDATION: 1. Receive and file the Desert Willow Financial Report for the months ending November 30 and December 31, 2022, C. C"TREAEURER'S INVESTMENT REPORT RECOMMENDATION: 1. Receive and file the City Treasurer s Investment Report for Me months ending November 30 and December 31, 2022, 8. INFORMATIONAL REPORTS S COMMENTS D. FINANCE COMMITTEE MEMBERS E. C"STAFF 1. Audit (Deputy Directory Ui 2. Stems of Investment Advisory Request for Proposal (RFP) (Finance Supervisor Bounds) 3. Status of Banking Services Transition (Deputy Director Ramom) F. ATTENDANCE REPORT T. ADJOURNMENT Adjourn to the next regular meeting of March 28, 2023 City of Palm Desert Page 2 Finance Committee Agenda January 24 2023 AFFIDAVR OF POSTING I hereby codify under penalty of penury under the laws of the State of California that the foregoing agenda for the Finance Committee was posted on the City Hell bulletin board and City website not less than 72 hours prior to the meetin . (Sarah Castro ortling Secretary PUBLIC NOTICES Agenda Related Materials: Pursuant to Government Code §54957.5(b)(2) the designated ofics for inspection of records in connection with this meeting is the City's Finance Department, City Hall, 73-510 Fred Waring Drive, Palm Desert. Staff reports for all agenda items and documents provided to a majority of the legislative bodies are available for public inspection at City Hell and on the Cill wall at www.ci vormalmtlesert-ont. Americana wM Disabilities Act: It is the intention of the City of Palm Desert to comply with the Americans with Disabilities Ad (ADA) in all respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis, you will need special assistance beyond what Is normally prodded, the city will attempt to accommodate you In every reasonable manner. Please contact the Office of the City Ci (760) 3411, M least 48 hours prim to the meeting to inform us of your needs and to determine it accommodation Is feasible. City of Palm Desert Page 3 FINANCE COMMITTEE CITY OF PALM DESERT, CALIFORNIA MINUTES �1 Tuestlay ® 10:00 a.m. NOvember 29°, 2022 � Spacial Meeting Pursuant to Assembly Bill 361, this meeting was conducted by teleconference, and there was in -person public access to the meeting Iocabon. 1. CALL TO ORDER A Special Meeting of the Finance Committee was called to order by Chair Leo on Tuesday, November 290, 2022, st 10:00 a.m. 2. ROLL CALL Present: Committee Members Carlos EGarcia, Jake Wueat, Jan Harnik, Karen Alexander, and Chair Robert It Absent: Faith Messenger City Staff Present: Veronica Chavez, Director of Finance; John Element, Deputy Director of Finance; Sarah Castro. Finance Admin Assistant; and Skky Garcia; Recording Secret were present at Roll Call. Other staff members presented reports or responded to questions as indicated in the minutes. 3. NON -AGENDA PUBLIC COMMENT: None. 4. CONSENT CALENDAR: A. APPROVAL OF MINUTES MOTION BY COMMITTEE MEMBER IIARNIK, SECOND BY COMMITTEE MEMBER WUEST, CARRIED 5-0, W approve the Finance Committee Special Meeting minutes of October 25^, 2022. S. ACTION CALENDAR A. FINANCE DIRECTOR'S REPORT FOR GENERAL FUND FINANCIAL REPORT AND PARKVIEW OFFICE COMPLEX FINANCIAL REPORT City of Palm Desert Page 1 Finance Committee Minutes November 29 2022 Finance Director Chavez presented General Fund Financial Report and responded to Committee Member Inquiries. Finance Director Chavez presented Parkvlew Office Complex Financial Repot and responded t Committee Member inquiries. 1. MOTION BY COMMITTEE MEMBER GARCIA. SECOND BY COMMITTEE MEMBER ALEXANDER, CARRIED 5-0, to approve General Fund Financial Report for month ending October 31", 2022. 2. MOTION BY COMMITTEE MEMBER ALEXANDER, SECOND BY COMMITTEE MEMBER GARCIA, CARRIED 5 , to approve Parkview Office Complex Financial Report for month ending October 318. 2022. B. DESERT MALLOW GOLF RESORT FINANCIAL REPORT Desert Willow Golf Resort General Manager White presented Desert Willow Golf Resod Financial Report and responded to Committee Member inquiries. MOTION BY COMMITTEE MEMBER WILIEST, SECOND BY COMMITTEE MEMBER ALEXANDER, CARRIED 5-0, to approve Desert Willow Golf Resort Financial Report for months ending Ocober 310, 2022, C. CRY TREASURER'S REPORT Director of Finance Chavez and Deputy Director of Finance Ramont presented City Treasurers Report and responded! to Committee Member inquiries. MOTION BY COMMITTEE MEMBER ALEXANDER, SECOND BY COMMITTEE MEMBER WILIEST, CARRIED 5-0, to approve City Treasurers Report for months ending October 310, 2022 kxsEe ,li:rk. Committee member Alexander wanted to discuss projedion of tax revenue on El Paseo, committee members and city staff respontletl to inquiries. Chair Leo wanted to discuss Palms to Pines, committee members and city staff responded to inquiries. Committee member Garda wanted t discuss sun paik, committee members and city staff responded to inquiries. B. CRY STAFF Chair Lep welcomed new Mane admin assistant, Castro tote team. Dlredprof Finance Chavez providetl an update on a Request for Proposal (RFP) for Invedment Advisory Services. C. ATTENDANCE REPORT City of Palm Desert Page 2 ALL ACTIONS ARE DRAFT, PENDING APPROVAL OF THE MINUTES Finance Committee Minutes November 29 2022 The attendance report was provided with the agenda materials. The Committee took no action on this matter. T. ADJOURNMENT The Finance Committee adjourned at 10:39 a.m. Respectfully submitted, Skky Garcia, Administrative Assistant Recording Secretary ATTEST: YCg Veronica Chavez, Director of Finance Secretary APPROVED BY THE FINANCE COMMITTEE: 1 /2022 City of Palm Desert Page 3 ALL ACTIONS ARE DRAFT, PENDING APPROVAL OF THE MINUTES ° . - Budget eas been uFmclated � General Fund rds� Adjunteente end AjOreeprovenes neado W the Qmuncd throunh Nervember ,�. ® mmu�pmggrea on% uw a. Jill mxmonnerm¢ 341699 an Pan 258% 211 T GP allocation of gaggessat Orange Permanent al 0distMer Panel 9 Wedged does ended hdredgent Page mean mean deal Fall L1meeJWm iumc IngsTalsemen Gincrelvasts eggs Ofth � maene s g��uvmleads epnqW mechas meee adMnWidened enpmuume npmsa. engage hadger anal plan year Inagaingapareandernes enel. mnynuyeirtmm tmm proiAr,7,M I'll on I Penn "a 35,616 117% I.sdt,5P5 T Inneres n ownerall Planning & Panel send pmen Pusan her Fr resider s. nnrmnnmzmm ass Pill i suosumneneffie nnaewms. wm Fail seem ping pmmuneanewmnamwwea Bel Fm been nadnad fm email dead ranW gainenneen end nagandM enemweaMmngFmnntrs. Chyul v,lm Matti PaMNew mar Cal Inwme SMemeM far mmil ,d mul We, mi November Jo. zozz flewl War 2DUl2023 aY flim ahalµa s $;l s 67,152 $ x651 l Ot% s 3125w 5 K5,60 Sr Ill I0.02x 3,m1...... s s m s wmm s $ Iaaw $ Somali s 153180 All Smrnu e.¢ol s I;ul s s nl/111 5 s a 5 s SAYS x.Wni annm.m.ulmlm l9 s Dow s 3 $ 5 +LSW s s 006) ROAO&MmentonaueSteli5 Llel no s IIP351 Mom 5 8.333 5 s 5 IFex Mail PElP O, B max 5 iwl $ $ 11.667I 5 6333 5 $ k3A Owillamfim,s Y$ 2s $ 5 WSR 5 5S.724 s AdOPISASSmA 5 417 5 s lanl DAN s DAG 5 5 IxAnl $ I5 $ IY $ 5 575 5 IAl3 $ rAQ Wills $ $ Dal 5 $ 6BI 5 IYll Swami veayAen¢Isl 9,017 5 SIMS s (Aser s 451 5 M.A3 5 AD N25% whileADMI)MOO5 eM 817$ Ca So SA6 5 SAM 5 <A65 Sr s Mo AS$ 11111 Mile 5 WT $ 1.758 s AD V88% uelmeviEe,l 5 lw 5 Mir s lxeq 62Si s xAso s 1956 5 Lru K17% iwlul S Sol $ 21 $ UAW Vale 5 MASI $ IS154a $ Nx9 ox ajovel e S mm $ octal $ wMl 5 WAS 5 muz 5 14054 oll [oummemwgxmmntiti l s $ $ aDM 5 5 s o.W% xmda.. 5 M $ arm $ MAIZ e 5 333412 s Mother AS&% Illr.. u.ww n,u�N6year.wtmen�imwwmenunnehxnrangem]PreurbxawmM.lwl. MAOO Oil allene withnet x 1411u.dSaNvaw Mthee.aommawm"tmem emei ShethenYm N ao..n.wn. .a.. Sw mnraxar,��,raw..a�a...,na..wmm..mwwrawm.,ur.amm,nmewwm, Chyol Palm Daetl Parkvlrx VXIce Complex Income SttlemeM for mural, and mul ya,r m e,m December Sl. 20n Fiscal year 20YA3o23 Me3x Race, Rena s111 s e;so s Wu> s zaaU 133 mr s MAC* 5 465,60 s Kam lu me 3wlvicences S Sam S Sears S 5 a Pn 5 amPO 5 wi0 xmrnua envlll 5 1;13x $ $ ul4 l am 45N 5 $ N530 real& wannnenm aulflne 5 ;SM 1187 $ 1010 47.M$ IS" 5U.1%5 LLKq $ ;eel 5 ma 5 OAN Maps MCDOO 5 s 5 s.ve ace, B uanrc,.e reWa 5 ral ;$ $ MAP) 5 WAm 5 s 10AA 5 m $ WS $ 1.Rtl 5 Seam $ b.724 5 LardhcaplrgYre.25[21 S 417 S 5 l41E1 2m allo 5 (J ) a [21 $ 115 $ 412 $ 6W 5 1}13 $ (111m) rearm Wecrne,l5 $ OOOM bm 5 IYll IWOOMr eseagAemlc 9,017 5 45ag S lapml 5M.100 541.7,0 5 9A57 sal $ wo 817 $ CM 54,920 5 4A45 $ Wra,Waar5 400 5 Ma 5 flab DAMa$ UT L758 5 ImlmevielmMre S s0 S as 5 lE¢I 6SA2% 5 a.m 5 19% 5 Est 43.47x imlumer S Km $ been $ vav Naive issv0 5 lust $ 1USSi SLAM oxnuz.5mne $ xAev S sAOw S esU $ xvn0 5 3 $ xM.UxMncr SOummemaeNvammwranv l3l $ 5 5 ooM 5 5 5 o0m xermme 5 mE Gaw 5 5 111,00 5 1 $ corm wnwJa.r wnwJam omemeerlan. lElm rearolevam migtwSelnsnusln x®alryamalmemnceaaau�xi.� DI rmOsere semNN w sn�e ewpm me mlace� mm3 nerve rt yeamJ aM rAe ukJatlm N rtweJ W en. RMevmcees,O Indua`enbwwnloml r,mW'M,WNIom 5;191: W VM53[U.OMarernnpeln Mlybr¢elulimprmemenun0vvm4q mwe4rzN. rlwe..wmwwe J.a ror1NW a rmkreuleMxro NkenremkenNygne.OryomreOpnMga Desert Willow Golf Resort SlanEaN Summary Income SbOvananr NARA Budget EA AIIAIY T 58MB OIOn WAInown 19,SW 11% twu M4LREARRUE 1.BAU1] M 1 ..- y01,110 COSTOFMES FmEe bwrwu 15G,9M 1N, 10, na% i]S,mS tm ttrtXCWe IMM IRA % COGS - M emn% PAYROLL T]FunPAYROLL U%Do Snw MOM Carts RIrmASmftAEU; 127E4 UM MY 12VO AIR Mikellw 11132 19,151 u% 18,561 ao ]OiPL CPFFPTXG FMPEXeEB NAPE 1 N&Yf ]OiPLEXPEXSE3 1.11 ERMA 9%M4 M.787 m 1i uX Desert Willow Golf Resort �WW EWmn IAW mEwmn ¢I.MI I21,un . (NON SNAHTNRY N,nnCE¢a�-Inz ON) MITI) In mnn Emmu Lora OnI) IA1b1 Imm T'rtXFWACIXO.LLTNT' "a OWN n OWN +n OTHER MOMN 1ERPE"M nOneF nue F,VM @WI 18,WN LC.WI enmmrs,Ilm rerun IW,71N 02710) TIN, MEMO iM.us 11 TVLOMEN INCOME IEMPExsEI rAiWl OVEN) nas.ua NET INCOME To 31JR1 1, 0303 Mn IN1 Desert Willow Golf Resort Sti,di Summary Inconn, Stab n Ewp 3peE.779 ;549,715 W<AR 11NAW by 95b19 ;R1 UR.9N SAW U3AN N;9N Otlnr Ci/,Mma 16,715 1D,1N xm 10.150 mn N050 54,18B )0)R REVENUE _._._._._.._._.._.._ AN3.114 4,N;N1 4,2W.917 13,797,521 IEli Far 6enxpa 442.486 %;N9 1m 31,4171 tan 1 on 666 44.1% ID)AC009 —.�. Man I'm �_ i vix InVil 15;9R Poor NAA Rana E1 mcea IMEal RaPal lair Bum n6lllre Im MervMalaria1N.3U 91 151 lairW 90. Iwu 354,UB R33]e 10)N PIMOLL .... _... _... _.... ... _ ..R.UO ... _... 28]B.BID B.M.i10 _.._..._ 1,16;8% OPERJkIlNGEXPENSES U9AN 111 P, 43.079 n167 1,M 3M19 Par 10DOES 1WA01 ape li MA 429257 NAIU 6 ico aranlnxllre n2.3n li 111% 1NpE Memmnp IL315 E1Ni m <1 pe 1111 1443319 99.BE0 )OiOi OPERATING EXPENSES1.BM.b .... _... _... _.... ... _ ... _... I,Ui;19 111% I.Ar 110, _.._.._.._.._ ;MMt ;910.N1 )O)Oi EXPENSES ;N13U .... _... _... _.... ... _ 401.173 ... _... _..._. MR}R tiWBH IZMAR EBINI, IN91NI 11MU11 xm or am 1}470) iSS),IN Desert Willow Golf Resort SaI Summary II SMUI Numml Su o]r9r trr EElnn 161i (Im01IU9AIR ].SMN ;ni.lu MAXIOEMEMEEEE 1107.911) 111 11 W.16]I (MO,@fl IMKI RIONCINGACITIVIN RdWI Cam) IN 2m NOW 01SPI <@I ONW) 117 1@I Im 7431W WE) �nura1 25.517 1Y ms'm 155 imm Ul SS.T9 IOiN MXAXCIM MTVItt AIL IMP51 +u ITA11 nw Ilp@11 (11.I1fl WINNER INCOME EXPENSED Nm-Q'9mMq Rwmue 9)@ VV0 imi, 25 2W im 10110 11 StlMWnl Ilion) 140m 0)1 II MC I n6Mmnbnbn I MNEV ft, PSSSWI Im 11.115,@11 11.0801mI im (15457) 01 11 ion 4Br1 I'm I@tl51 Milo) IOiK OMFR IXCpAE IEiaEXSEI IAL.W11 IMiNtI 11@A@I II.I S4Z)Ii I1.1@.5@1 NU INCOME 11.O81AII (I.i N.5P1) W, jam'"S) WQI 1.214.18E nN PW Zon NAM SzIV @aN ea`s1@a iAn OuNnp Mmfty s ei mmMmoi MGR Pound Mlv RnaM6 3., ma MIMI roam N,,,mna, w, vuzv Noun, MR, .m uun MR $ MON $ RswI s m $ lu.<ml m $ vn+.. 61 pg ON $ am: $ M::: IN s zaw ,mps pm5 Rxex $ m m " 6 MY Ins}fa m 5� ss n 6 m: 3 4m { ll m $ losym im sdu xx 5 m 3 Y so mt� 5 so 5 % 5 sAu s.m Run xW WO $ Asia 3 ns.m 5 $ Rs.f 3 Issl ss 5 Sim s N�su s NON�,55 6lmjkll cyixna\rtrtwnin\µoaunmuyneiryia4osanery,r�ntm�nryupan\mximxsyuvnMuss-v y 023 Fauna mxnne es Sw the SHe Mon MS intent; November M, 2= mend, wilue, wvm muMxx x n,w, mzalu I IKW I Von, mvmx n5 me 17,615 w5 Kim in 24535 06,677 in new wrxnx+an+Kee m ten i^CIffix Kim ^ an 5 Mum in S�ry L S "Li", mm vsv KAM y}M vFu Alm S t/gmi S ;mom 5 MAN 5 Larpi S Sgw mrvwxrvei�..Ing in 371 al hej } WNI axo IAflli vSn 5 • en f Sn,w $ 2.11a.06 1 Been Tinp "is nas MIX c xrren�eWert�wxneVM oe��menvWngaVw aeMv uenNN pirotNmxssnPpop m�a mxS L+/m�3 Desert WillowlPDRFC Statement of Cash Flows -Combined Indirect Method Reconciliation 11/30/2022 Cash Flows from Operating Activities Net Income (Loss) (1,061.413) Adjustments to reconcile net loss to net cash provided by operating activities Depreciation 8 Amortization expense 408,684 Bad Debt expense - Gain on disposal of assets - (Increase) Decrease in assets Accounts Receivable 16,126 Due from Employees - Inventories (165,494) Prepaid expenses (75,589) Increase (Decrease) in liabilities Accounts Payable 349,874 Accrued Liabilities (214,550) Defamed Revenue 53,955 Interest - Due to Affiliates 40,000 413,006 Net cash Bows from operating activities (648,407) Desert Willow/PDRFC Statement of Cash Flows -Combined Direct Method 11/3012022 Cash Flows from Operating Activities Cash Received From Customers 4,781.791 Interest Received 25,517 Other Operating Cash Receipts 25,200 Cash Paid to Suppliers and Employees (5,444,654) Interest Paid (20.804) Taxes Paid (15,457) Net cash flows from operating activities (648,407) Cash Flows from Investing Activities Contributed Capital - Purchases of Property and Equipment (1,375.826) Proceeds from sale of Property and Equipment Net cash flows from investing activities (1,375,826) Cash Flows from Financing Activities Loan proceeds-KSM/CITY - Principal payments 1,860.435 Net cash flows from financing activities 1,860,435 Net change in cash (163,798) Cash at beginning of period 4,911,680 Cash at end of period 4,747.882 DWGR F&B Revenue Analysis Year -to -Date Revenue Analysis 11/30/2022 Dinl Anal la 2022.2M3 20213022 Variance X Dining Covers 21,382 24,203 (2,821) -12% Dining Revenue E 544.161 $ 536.101 7,974 1% Dining - Ave Check E 25.45 $ 22.15 $ 3.30 15% Catering Anali 2022.2023 2021.2022 Varance X Catering Covers 1.504 5,497 $ 2.002 39% Catering Revenue $ 725,525 $ 403,676 $ 321,849 80% Catering Ave Check E 96.69 $ M,. $ 23,25 32% Outlet Me is 2022.2023 2021.2022 Variance X Outlet Rounds 301583 n.325 $ (1,742) 6% Outlet Revenue E 180.518 $ 159,196 $ 21.322 13% OuOng Ave Check $ 5.90 $ 4.92 $ 0.98 20% Total F&B Revenue E 1,450,204 $1,099,060 $ 351,1" 32% IV1512022 2022.2023 July Auoust 5eotamber Oetobar November Dining Covers 2,493 2,232 3,222 5,344 8.091 Catering Covers 609 622 1,176 2,672 1,825 3,102 2,854 4,998 8,016 9,916 Dining Revenue $ 58,206 $ 53,320 $ 79,143 $ 130,449 $ 222,937 Catering Revenue $ 27,779 $ 50,761 $ 105,412 $ 347,003 $ 194,570 $ 85,985 $ 104,081 $ 184,554 $ 477,452 $ 417,500 Dining - Ave Check $ 23.35 $ 23,89 $ 24.56 $ 2441 $ 27.55 Catering - Ave Check $ 45.61 $ 81.61 $ 59.35 $ 129.87 $ 106.61 Outlet Rewnue $ 18,415 $ 12,700 $ 37.835 $ 64,612 $ 46.882 Rounds 5,952 4,166 6.000 7,504 6,961 Ss per Round $ 3.09 $ 3.05 $ 6,31 $ 8.61 $ 6.73 2021.2022 July Au ups[ 68 te�mbar October November Dining Covers 2,329 2438 3.517 6,620 9,299 Catering Covers 531 241 846 2,091 1,768 2,860 2,6n 4,30 8,711 11,087 Dining Revenue $ 53,314 $ 51,089 $ 78,284 $ 143,499 $ 210,002 Catering Rewnue $ 24,553 $ 15,302 $ 45,534 $ 147,4B1 $ 170,826 1$ 77,867 $ 66,391 $ 123,817 $ 290,960 $ 380,828 Dining - Ave Check $ 22.89 $ 20.96 $ 22.26 $ 21.68 $ 22.68 Catering - Ave Check $ 46.24 $ 6349 $ 53.82 $ 70.52 $ 95.54 Outlet Revenue $ 21,%0 $ 14,260 $ 25.524 $ 53,436 $ 44,416 Rounds 6,194 4,732 6,268 7,832 7,299 Ss per Round $ 3.48 $ 3.01 $ 4.07 $ 6.82 $ 6.09 G9PinanceW oun0ng DOmmemsT&B REPORTST8 B Daily Sales Report 22-23T 8 B REVENUE REPORT 2022-2023Talels Desert Willow Golf Resort Standard Summary Income Statement For Me Six MOMM1s En0Ing DecemLn 31, 2022 %o of MTD %of Aduel Budget Budget Prior Year PY REVENUES Green Fees B Cart Fees 6]0, 164 567,235 115% 531335 119% Merchandise, A5,818 78,631 12iA ]].089 121X OMerFm 3M1ap 19d31 11,650 90% 11A28 92X Rerge 6,C95 7,019 92% 8,000 9aX Food 6Beven9s 353.08] 350.499 109% 351,181 108% Academy MCMand" 4339 3,097 141% 3,026 T ONerAodemy 200N 30,666 sm 30,065 93% Other GBAln¢ma 1W0 3.900------------29%-��-�� 3.900 26% TOTAL REVENUE 1,199,105 890 1.INL902 COST OF SKES ..... MCMandlse 5/,619 GJ,1P 1H 40,990 Aeedemy 3,547 2408 14M 2.207 161% Foal B Beverage 10]]84 108253 100% 109,310 S9% COGS -MarcM1andlse% 80.1% 54.8X� 53.2X' 113.1% COGS- Academy % S1.M 78.0X 72.9% 112.1% COGS - Fee% 3Ise 34.]X 36AX 90.0% Course aM Grounds 90.644 1]5.888 16],825 10fiX Cads, Pence, Stagers, Etc. d5,448 41,848 4R}12 108X Food and Beverage 278EM 206,733 209,9]9 133% Pro 51up 56.355 58.99] g8,]21 118% Clubhouse Samwe MISS 18,982 18.1]0 111% Academy N415 31.018 32,800 90X GanealaM Admlmanative 44,110 d5,836 45, 151 98X MCMetIng 21,643 19.515 19,800 109% TOTAL PAYROLL 674.311 M6,825 Sidi 115% OPEMTNG EXPENSES Course aM Grounds 14%859 103,615 101283 idBX Cello, Rerge, Stagers, Etc. B,dS] 5,78410144 64% FOrd end BBr9r898 41.408 48S9748,418 98% Pro Srp 3257 3.7593129 104% CluMouse SeMwe 45.943 44.O]43379 106% Academy Son 1,8121,759 20% Gerard ministretive GeneaM Ag ft1 ,d08 51.23379609 80% MCMeting 2,SM 10,14210305 24% TOM OPERATING EXPENSES .......................................... 319.10 269.7991298,025 107% TOTAL EXPENSES 1,162A30 1,020,412 114% 1,034,89] 112% EB11DA X975 32.270 118% 13,005 384% Desert Willow Golf Resort standard summary Income Statement For the 8d Monroe End Ing Devito L2022 EBRDA MANAGEMENT FEES FINANCING ACITNITY Iranian Emirs Dean Inherent Expense -Leases Interest ln¢ma OTHER INCOME PENSEI Nomepere4rq Revenue FaIIIIy Rend Depreslallan 8 Amorernton Tame TOTAL OTHER INCOME(E%PENSE) Paid Rounds Ofte Ronne Total Rounds Revenue,Paid Rounds RevenuaRobl Rounds Green Fees I Cat Ftts Per Ford Rounds Gran Fees I Cart Face per Total Rounds F&B Revenue?041 Rounds Merchandise Revenue o4lRounds MTD MTD MID %ot 4NL Budget Prior Year PY W975 33R70 6 13,005 200% R1,6671 (21,61 1BM4 (20,533) 104% (506) (4d10' (1.i36) (6.6]0' 8N 31 $,Us (10,749', 12% 48% 25= 25,200 25200 CW (B,) (81000( N860( (U,877) (92,710) (92,710) 31 371 R5,135) b% 175,139) 9]% —----- (6,007) (TS,2n) (90,051) - _— ----- ____________ 5,757 5,710 101% 5,788 100% 115 59 Im 59 195% SAM 5.769 IM 5,027 101% 200 184 113% 182 115% 204 182 112% 180 114% 116 99 117% 97 120% 110 98 116% 96 118% 16 14 12M6 13 123% oesen wne. cen rsesen RIME, NOM 20 IN Alm) am 73wr ism PAURML ROII,N„w oesen wne. cen rsesen maim MINMEMENTRES marl Na,Y..r am (14110) r-.._...,7mv, am lJ10237) I Mass) 11% xxn I'MM OuNnp MaM/Ssia MGR Round Mix RnaMk Por Me Month E,&d Yxember 33,ID33 Buono ns UN 2716 m I mim" mI x3 uYs $ ssMx ,m ssa an s . $ 4nm sw 3 4Y4 in III I� IW not Ix 4M1 I 45M Im usq[ on, I 4Ufxl $ Wbx xm 6 Wsoq Lou yu of 4 3 uVm 2M 6 m $ Waa $ M125 Im 6 32.116 L s]x mn J3u[ Lm m jm s =50 Im $ Ift s 23,707 s Initial Im 3 axn 5.710 47:.M uu s ®.w s M.M sINKID MAm s10.019 mn s .n+ 45amillo mum s�mxm s�M slotato Im IT cyixna\Mrtwnin\µoaunmuynnryia4ocanery,r�ntm�nryupan\mximxtyuvnMuss-u VmMm wawamxn fim Por he sY MmIM EMIM oemnber iL M2 >wvxo rorvlun= . vx,wl =w=nov mvmz w5 wr+vrx�w m w 5 x m im mw a.Ux vam gary v.xo Rml 5 d=Rwv 5 2A,xm $ aupa 5 Lam%r 5 mmw=motor..1,174 747 427 m 424j=a } rwi �_ _ 5 xffxm Him %301_ WARZ c=rrvnoeWert�wxneVMoeevmenvWairvv4waaMnuenNNpirouVmxssnrywpm�a e=x3 Lr�lma3 PDRFC COVER ANALYSIS 2022.2023 July Auoust SeWember October Navember December Dining Covers 2,493 2,232 3,222 5,344 8,091 4,780 Catering Covers 609 622 1,776 2,672 1,825 2,812 3,102 2,854 4,11H 8,016 9,916 7,692 Dining Revenue $ 58,206 $ 53,320 $ 79.143 $ 130,449 $ 223,044 $ 108,659 Catering Revenue $ 27,779 $ 50,761 $ 105,412 $ 347,003 $ 194,570 $ 219,101 i 85,985 $ 1K081 $ 186,354 $ 477y0.62 $ 417,614 $ 021,760 Dining -Ave Check $ 23.35 $ 23.89 $ 24.56 $ 24.41 $ 27.57 $ 22.73 Catering - Ave Check $ 45.61 $ 81.61 $ 59.35 $ 129.87 $ 106.61 $ 77.92 Outlet Revenue $ 18,415 $ 12,700 $ 31,835 $ 64,612 $ 46,955 $ 36,303 Rounds 5,952 4,166 6,000 7,504 6,961 5,811 $s per Round $ 3.09 $ 3.05 $ 6.31 $ 8.61 $ 6.75 $ 6.25 2021.2022 JUIV Auouet Be [ember October November December Dining Covers 2,329 2,438 3,517 6,620 9,299 5,926 Catering Covers 531 241 846 2,091 1,788 1,663 2,860 2,679 4,363 8,711 11,087 7,589 Dining Revenue $ 53,314 $ 51,089 $ 78,284 $ 143,499 $ 210.002 $ 135,512 Catering Revenue $ 24,553 $ 15,302 $ 45,534 $ 147,461 $ 170,826 $ 160,343 $ 71,861 $ 66,391 $ 123,817 $ 290,960 $ 380,828 $ 295,855 Dining - Ave Check $ 22.89 $ 20.96 $ 22.26 $ 21.68 $ 22.58 $ 22.87 Catering - Ave Check $ t6.24 $ 63.49 $ 53.82 $ 70.52 $ 95.54 $ 96.42 Outlet Revenue $ 21,%0 $ 14,260 $ 25,524 $ 53,436 $ 44,416 $ 35,289 Rounds 6,194 4,732 6,2138 7,832 7,299 5,821 Vs per Round $ 3.48 $ 3.01 $ 4.07 $ 6.82 $ 6.09 $ 6.06 G9FinanceWcccun0ng DocumemalF&B REPORTSIF 8 B Daily Sales Report 22-23T 8 B REVENUE REPORT 2022-20231-atels DWGR F&B Revenue Analysis Year -to -Date Revenue Analysis 12/31/2022 Dining Mal la 20u.2023 2021.21M2 variance x Dining Covers 26,162 30,129 (3,961) -13% Dining Revenue E 652.820 $ 611.699 (18,898) -3% Dining - Ave Check E N.95 $ a29 $ 2.66 12% Catering Mali 2022.2023 2021.2022 Variance % Catering Covers 10,316 7,160 $ 3,156 44% Catering Revenue E 944,625 $ 561,020 $ 380,606 67% Catering Ave Check E 9157 $ 78,77 $ 12,80 16% Outlet Mel is 20MM3 2021.2022 Variance X Outlet Rounds 361395 38,152 $ (1,758) 6% Outlet Revenue E 216,821 $ 194,485 $ 22.336 11% OuOng Ave Check $ 5.96 $ 5AO $ D.86 17% Total FBB Revenue $1,814,267 $1,430,204 $ 384,063 27% 1I9I2023 Desert WillowlPDRFC Statement of Cash Flows -Combined Indirect Method Reconciliation 12I31I2022 Cash Flows from Operating Activities Net Income (Loss) (1,067.421) Adjustments to reconcile net loss to net cash provided by operating activities Depreciation & Amortization expense 453,562 Bad Debt expense - Gain on disposal of assets - (Increase) Decrease in assets Accounts Receivable 47,599 Due from Employees - Inventories (136,308) Prepaid expenses (31,613) Increase (Decrease) in liabilities Accounts Payable 369,027 Accrued Liabilities (418,859) Defamed Revenue 117,051 Interest - Due to Affiliates 48,000 448,459 Net cash Bows from operating activities (618,962) Desert Willow/PDRFC Statement of Cash Flows -Combined Direct Method 12/31I2022 Cash Flows from Operating Activities Cash Received From Customers 5,681.135 Interest Received 33,780 Other Operating Cash Receipts 50,400 Cash Paid to Suppliers and Employees (6,346,115) Interest Paid (22.739) Taxes Paid (15,423) Net cash flows from operating activities (618,962) Cash Flows from Investing Activities Contributed Capital - Purchases of Property and Equipment (5,121.716) Proceeds from sale of Property and Equipment Net cash flows from investing activities (5,121,716) Cash Flows from Financing Activities Loan proceeds-KSM/CITY - Principal payments 7,046.066 Net cash flows from financing activities 7,046,066 Net change in cash 1,305,388 Cash at beginning of period 4,911,680 Cash at end of period 6,217.068 City of Palm Desert Investments Summary November 2022 The City's investment portfolio is detailed below. Investment transactions were executed in accordance with the Calgornia State Government Code, the City's Investment Policy and all bond indentures. Cash is sufficient to meet the next three months of expenditures until additional revenues are collected. Investment Portfolio: $ Millions Beginning Ending Book Value Purchases 8 Redemptions 6 Book Value %of Asset Class 1111122' Deposits Withdrawals (11/30122) Pool Agencies $ 30.97 $ 10.00 $ 40.97 13% Corporates 29.99 29.99 10% Negotiable CC 5.00 15.00) 0% CAMP Pool 48.15 0.15 48.31 167, LadF Pool 32.36 (5.00) 27.35 9% County Pool 79.75 79.75 26% Custodian 63.06 0.15 63.21 20% Trustee 2.94 2.94 1% Cash 17.01 17.03 (15.36) 18.68 6% Total $ 309.23 $ 17.33 $ (15.36) $ 31110 100% ®= Reshicletl Nnds bal uvon bond indedi femla. Major changes to the for fallo during the month of November Include the addition of $1.67 M In sales tax, and $1.11 M in level occupancy tax 8 short-term rentals. Purchase of Agencies Notes in the total amount of $10 million. Portfolio Allocations, Maturities and Performance: Investment Allocation Investment Maturity performance -Total portfolio w _ s Nene % a Corporate lo% emp,dv9r,,tee 33% a 1 - 3 1 --� ldun idol 1-Aug 1-Sep Lott L1gV laalGaN aM� 1V 3V q sV —my Yield —lried—IVvIII CITY OF PALM DESERT Portfolio Management Portfolio Summary Rovgmbar30,2022 par all AN Names Nam ImaalmaMsNewNew,yamINNIN aaaall 4%W?.e21a 'EmEmaACIEWY G(nNcx ai57 g eat illoao mlpaao aaaw 10 11110 eateetal xrvEav4o[CW14n PMO 79T47.4W HUM2010.116 =A %M.15 MIMIN.5B I110.00% in 244 2.819 lm vma Ga11anclAcnuMlnbml Ma59al MaNA82M ISW% Im 1 1 000) InmimumecNet utruxumel Anxi l nlereal at W Nhaw 21.111.11 suEWal e.mmal leUll 17 TWI Cabe la0 lamme"Ib 511212.M.22 2W.OM.A]A> 311101.151.56 152 244 2P0 Tabl Earnings nwenMa 50 all Eirware FYcal Vaaa TODM CunnlYea 515.79000 2.607501 Awnga DalMgabnu 310.1O,59.67 EI1MNe Rate a2 all 2.53F PoMoluvin mmp2enu wen Neprwvune MLeawne[brmneMCc65wtim 5]PA1 anO th Llryd Pekn Oeanlnwdmanllulwy.9e unlovemem4llaa auM eMmli W andc llrmarWMltums b✓a ni 4a rat Vnbn BankWN#y SerNie xx povltlM mal Mue ri M all ward secuXWe. All balances am bank metal na ad pc W e PoMolu Summary rape MIN OenaM Oryvr6. VitalCimmi Finance tarsi Wpmning make I Iffil 2-Iln N 2 pull AP R. wn. mnsmn-b.55 racer mgn CITY OF PALM DESERT Portfolio Management Page 1 Portfolio Details - Investments November 30, 2022 Nm.NY CARP POMDCm 46.MCIRU3 syseN44 taw M(DREFTvnuan 2A00.eoUe 2FaCeeW 1503NAa x}NAR28 N.ml MAMAat]a FEDERALAGENCY-COUPON IX)CAwAo 2033050M 2AW]33.n 6pOAmAo aWW A.W 0600 AN am an 12naega ]RwAO VA 2NAM00 MAN 16 stfrttw rm FE" DNs az1 A004000A0 zmaemm 2AACNOw raa ~aem 16AwAwEe ywmnw 1;.aUsaw see 411 LURE ine t]IXV TA9A10Af Rl]63A1R0 a1AAA1a.H lauta aARA 332 2WRAH a 273aVH&w al ApA15A6 seas 1 PEOEwu AOEacv.aluMe 60vXoX00 46668DOW 44MR a 0.Y.0004O 2FDOWPw 2.9N.D250 Deg R, am An 10,20002a AakV as OWAWAO 2WMX 3AW.OW.00 AWAWPo I" AN 5 DID 0MCOM 313WTanf 156 FEDERAL HENCE 11 5000.WPW aAWAW.Po aw A,, A Pe 110F9 limmuDe 3u SA1gAMN OWAWAO M21%MPM A8T.1RM sewn Re 1MISTEECABRBAIANCEc PWtlbcrt AP PNINMl161.3.11 R,uvTs11 CITY OF PALM DESERT Portfolio Management Pere 2 Portfolio Details - Investments November 30, 2022 Manage r 1M18TEE¢ABXBNANCEB OW12IONG 404 GOGMAN FORMS GOVERNMENT FUND NIT 2an near DT40 PAR 3740 1 20012WING 416 GOONGUA SNAHS GOVERNMENT FUND Me 13 Ionia IN 13 3 ON Peas 3730 1 181}6ll1 161 NGO 161,agn am EM, Die 1 610]11A1 874,211,01 eMX 101 A1fmR 1A16A11A6 1,<1 1A16A161H P,sA,cFV M P ave_G/Ai.e.11 CITY OF PALM DESERT Portfolio Management Portfolio Details - Investments November 30, 2022 Pa c,3 Nm.N2 F 1aWWEE¢ABX19NANCE6 WVRII 2535vaml Tw ovan IIAn53 223184 9tUI a. "AIvOISO 2UNNUI ieY.uae ;ByYaa 2UNB e (LIST I MEDIUM -TERM NOTIES 000AWAU 285210100 3400,000.0) AnAss.N FUN SAZAWAB SWONDDO SAW.OW.Po 4 ANA8 SWONOW IMMIX) 0.RUAWA8 IMBRIUM 3AWA00.0) 631MO01 24PoAl2)3 ]9346IM DST 3WAW.1no 1WWAWAO W1MPW 2AW.&8.18 e¢UN Su6btllNAnnq 301MAWA9 2&1M91GW AA 271M SAID To CUSTODNRPROJECTFUNOB (FIRS24MG SIT FIRST AMERKDOI US TREASUR)' BUT 6AW}35A6 SISSFUSS5 5AW S5.96 I'm AIR DISK) 1 #USWA18A1 255Y}1551 0484A18.51 DISKS BIB Use 1 (FTUNFF)�G SIR FIRST AMEFD� US TRFUUUW BUT 1115Y1.1O Been) ILSN.FBI eTRIDN50.0 Rs FflRSTAMER RIARSUFRUS4 19646STUSI19AI5A69.Y e ®AS1.14)A9 6yWAP.1O WNBAIT.O 02WATI.I0 SAND I RIVERCWECWNTYP001- ORION) SvIn PDOUEDINVESTMENTFUND747A66W pOpAl .IOpn nAOA&v }Opn BUSH) I CUDTOC9ANPRn1ECTFUNDSP Pa,va"cnY In, PMIW�UnT.6.11 CITY OF PALM DESERT Portfolio Management Page Portfolio Details - Investments November 30, 2022 Pobano A"u0e 110.107}np 2921MANoA6 29NOC30016 202426150.60 2476 112 w ,Cry ode P.inasre+.s.il CITY OF PALM DESERT Portfolio Management Portfolio Details - Cash November 30, 2022 Pages NW PENWING DEPOSIT Yang CWNTY POOL ONNW BANK CHECKING ACCOUNTS A%AB705 2mlA6 2M1A61.34 am 1 14a,5]3AB 1,4SvZW llwge eYS15teO 1MM PELRFATp FKMEe CARP 07101 II 1,081A%d2 1,%1.66% IA A%.ei 0.000 1 AwnBaeaw OAD21111111 01 18p18W.O 1 iN CapaMlm�amnE ]t0.1MA9AF %I21629232 30W.YTA ]11201151.% ]AR 1% Poga�oclry aP CTIFOFMALPADIESERT LONB IFBM LOANS REEEIVGBIE November 30,=22 spMm wok denied No. hammerhead Voice Mewmy Ye4 1 Gp W1,11 RDA' $ N/A 03V5, 34B Elp Nan $ 1,06e0)(100 03/03/34 lWT esa XlghlanLs ubdq Lrderg..nnning"• 5 22,e47a3 ®/03/36 sasx Assessment ONWn MLl Deferred Won Foomar8 for Marfr 1e, m, roe)mnm sere Dorms wholfFaIona(Drm DEl ded the lees Cry Who In me Promoter com um of 5E.0DDDDDos on en)ommbre oarpown o)Nre sosceiwrnpenay of the parent Dererc Redeveropmn yeno, se.ara arrrenwb nova eaanmxamWarrrarpa mb da�arm,. me DDE. nm.e.ar. anneraaro monm napowmn arne3n Rmmmouon NxK eraaormmnuwn,rcremreem memmra. •• Elp Wimme,cipch ama me&on March2 and on September) W eamyamr. ••• Highlands balmam vestments made on March l a no on September) W each War. PALM DESERT HOUSING AUTHORITY Portfolio Management Portfolio Summary Novambgr30,2022 par aw" seek %a call Imanlm¢Ms Velm see, YAM Pahl All hand 3161el CAep 6M383.59 4d¢05.992H m dQ o CU MmIAN PRsmECT FUNDS 4AmmA5a 5M)%w Aa SSN3.]MN annua Y¢M deem 1 1 JW lM8d n, Imlim+ed~inur�ukdaumal <.919.9W]5 0.91A9W.13 0.91A9BA)5 TeM1I CvvIraM FrcMaiM1 y]]A,]]931 59.TN.]RS1 ®,T5]✓931 all Average Mill Babnce WIM. W.01 0.YZ% Tls Investment ponnalb mmpras AM llle gwl¢✓n¢ MGIXmmb Govemmml Case 5ec11m dual and as Co d Palm Poash me¢Nant 0". BUNrg unlwe¢¢en same. X has wflbbm Me bfund using wlm^1N operNvu fix he nM as rmntlu. All heal an, bank deavw. The M, of Porl oWll an Iba Ponblu summary Me umlm demand drymlla. Gr Vem ea Gml Final metlw depending Parkd l Ismael lomsdua PoMOIU HA AP R. wm. wnvmn-e.¢¢ Nn AVNyverdluvymllEH PMnArj hli.Pnm L1 RIJ 21;9gdl:PP1-9ICR7sl9t:IN] Ak]Vd Portfolio Management Page I Portfolio Details - Investments November 20, 2022 Yew11v CAMP avail lane 49.508ASNAS QS0828168 uueae.m s.ni.maweAwmm uae.leue m.mmAS 4.eg2om IeAey2Y 1 am SwKwhol 0AW1W am am am am 0 Fees WF SYa21ma 2109 Feel vswzw eR.W[.]J Yne PRbmN My0)0 engage 2RAmN I am CUSMpIM PROJECT FUNDS elxw2amG 'm p1 Flp Open a a}nAl ..apex 4m5mca a.en}xee 1 am imisaerenx m.m}mn1 iWl.amea ymyage nAu.aes 1 am Pomom XR M eMI�A61.a.11 b wish PALM DESERT HOUSING AUTHORITY Portfolio Management PEI Portfolio Details -Cash November 30, 2022 CHECHING eJUI. 1 5 3 AN SAI M"27.25 I CAS) eYe2W16 AI HOOSIXONrtHBWT 0/WVNN 'TAI 4A1,WEI 461087 NO 1 O.fW iavlGNaMimaMenb T}B2}pAo T}R}RSt WrIPAT T.)IB.1R31 1 TW Po�Ab XF M aXITI RDA SUCCESSOR AGENCY Portfolio Management Portfolio Summary November30,2022 M+w TTWC Im'a51nmmsWh,yam RVffdaMcwxarsmi UUMP swass qaa ss IS}49.11] S IT 3,11a,58 153mMu iRus�tesxaux¢[s-GF M"S.M0.00 14795,9ID.00 15,P95, 0.00 Man% 1 1 0.07 GPM1 amrco-l.0 I.we.M1Az I.wa.521.02 1,5n.n1.M ma I.P.a,a In m.P =alwana.P TWlcvn,ne lnreeMml, 17S .N1.02 17a ,N1Ax n,5M,M1.02 ow 0.097 nwlpe Deiryaalanm tr.SM.MaS/ mnsmaRab WRalun OABX ThIa I. Pm, 0,,1 REe m,mmra MIM1Me Msennmol Leflanh Gmenmem CamSwum Rwn5Y01a.tlNe Cry GPah mma.ARlawca,n,, b,nk.NmIaM mi,cs,bPBXI R. dff,,he 'cawWn sh bd mM or NOxaes6M®rv®%6panOnlu0m W Cun1y NRIwMaMNaSW NC,IIdmm. Al Nlenuaare DeM lYenwa, lM'%NPoMOIw' ®Iamllmon Na PWdlo Bumrrurypagaomrys MmaMEepab. Cg` vam?im Lxaw2 Pma.m DYePor R,aePme a•Pm 1 INeMM2.1ln0mxx v ,o REM R. a.a.mxlmm-1.m x. n..,IY.�nuw..aml• ..Imr�Rl "1, RDA SUCCESSOR AGENCY Portfolio Management Faye I Portfolio Details - Investments November 30, 2022 R.u.nS RIVERSIOECWNiYFOO. 062470 NUNO PODDED INVESTMENT FUND OVOINDSO WAS WAS N7DE 1.70) YEN I IDES SvsnS ne Ma. M Ra6al ENFEs Well 5pR% S'ahAdwelAwraw END" 5AW% ;MESS 5=1% WF ENDS DO I.F.IRNASAI COMUNOW 747D15 74745 SNA5 2UC7 IMUSTEECASNaAIANCES-MMA N 247NOW04) an U S SANK MONEY MARKET ACCOUNT DZYWE2 &UNE8562 TAE55 23638100� SUE1 US SEEK MONEY MUSKET ACCOUNT OTFUNNO DOO Ow SOU 01010 Pi 1 01010 NFMWMOC� BUY US FACES MONEY MUSKET NCOUNT engineer CUD am am 0010 PC 1 0010 :,&USW_BS 2SS0.5:RW 2,950520% MpUNM 4ADUl 4ENSEl OAW,SW.SS 23ER1M14 SS1 US MNAUSCOUNOU I ;SMMM% ISSM.ItlH I;Y4116® MANUAll 1 am TRUSTEECASNeALANCES.aF 40EMYS UvNl aW.STees PEUtlu RUSS M FRIRCFECE73.II Mal all RDA SUCCESSOR AGENCY Portfolio Management sayer Portfolio Details - Investments November 30, 2022 as+svx 403.92295 wanzm arv+sase raniam...a, r+aasru7 rarnenas nnanew raans.+om r onr a ao Ro s ralneF07.9.11 RDA SUCCESSOR AGENCY Portfolio Management Peg03 Portfolio Details Cash November 30, 2022 UNION BANK GNECWNG ACCOUNTS SYS682 W RW SUCCESS PGEXCY I.W=M t,NaelM 1g1 2102 1 OLS Twwilh,l I1 w 12JNAIISI 12.WAS142 O,N2Y1.0 17NAm 0 1 4.W Pelee RUPS M PMI�PROI.S.II November 30,2022 SymPro Book Stoned No. Imestment Value Maturity Date Interest Rate 738 EIP Wan • $ 212,000.0 09/D2/29 3.W% reanimates " UP balance adjustments made on Match and September of each year. Debt Service for March 2022 and September 2022 will be recorded to the General Ledger for November and the Journal Entry will be posted In January 2023. The City G/L for EIP Debt Service will reconcile to the outstanding Debt Service schedules once the entry is distributed. CAccount Statement - Tmnsaction Summary waneMoM Fading November 30,303 CII OF PALM DESERT - CLTY OF PALM DESERT_ QNnlny Mail Velce 45,8ee .H Nwenbm 30, M2E Om 31 M22 WrtM1eaas 1073_e lG GMP Po Pool aawl0858 45,8e0".% Baiz ns 0.00 Unss Trade 020 Tool $46,0e7,108.58 sa5Ae0.800.M done In Value am W pMKet Velae } 047,10&58 ,d Im la)3 M PFM Asset Management LLC —oaml AcmuM StahmenF Bar me Month enai,g Movember 30, 20n CRY OF PALM DESERT- CRY OF PALM DESERT_ road, Seltlanwt Marerc CalhrAnquR Total Date Date Transaction Description unMRim clTareetllm 91wa Qenaa Otxming Balance 4SA99.e00A4 11130122 Whim malls Dl,Rclnro4nm[-Dwbotimc 147308/0 Closing Balance Mane RM,l YSD MoyenMr JenulyJbvanbr Opening Balance 4599t),00).40 Clomng Balance 4 057,10t9 Purtlwa IQ3m.14 53,013,64272 flovrage Monthly Balance 45$d]10]1 Redemlltions(exd Chahs) 000 T1,xMy.aoJ Monthly Distribution Yield 196% C Dlehww,wn4 000 O00 (Among Bal,we 06,047,10B.5B 46M7r1®.Y Baah Dynan& and 5ncnme 147,:3CE!.14 513842 72 46M7,1g65B PFM Asset Management LLC —gages CAccount Statement- Transaction Summary wane Month ending November 30,202 CII OF PALM DESERT - DESERT WILLOW GOLF RESORT_ QNnlny Mail Vd Ua 2,2923LZ2 Nwenba 30, M22 0m 34IDM WaM1aaas 7i31 58 PaoI 2,2�$22.Bha 2,253,29L22 � CLOD Unss Tm?s 0.w Total E2,2W,522.W $2,253,291.22 done In Value am W pNenYetVelue $2aswAnw ,d Im 7,231.58 PFM Asset Management LLC —nq l c—L-rJ AcDDunt Statement ForeM Monet enairy Movemha ao, Tou CM OF PALM DESERT- DESERT WILLOW GOLF RESORT_ road, Senkmm[ Marerc CalhrPnquR Toml Date nah Tranwation Description unn Rim clTawalm Q. Banal Otxming Balance 4253,MLM 11130122 Whim m¢II,m Dl,RClnroNnu-lfehibutiors Closing Balance Mane Rama Y)n MoyemWf JenwNMm'MnbM Opening Balance 2)9,IDl xx T0,K531 Clotlna Balance jM.5W,w PUNu,a 7,n1.50 1,530,10799 flovrage Monthly Balance 2j.53532D Redemlitluu Dead Chahs) onto 0.00 Monthly Distribution Yield d5o% C Duhww,wn4 0DO 0M (Amon Bal,we T.SAtamw 2361%53 a,h Dynan& and xncnme inl 55 30,187a ;x6g5xxAg PFM Asset Management LLC —gaeeT CAccount Statement- Transaction Summary wraFe M9rml ending November 30,2022 CII OF PALM DESERT - PALM DESERT HOUSING AUFHORIIY_ Qaaln9 Mail Velce 4,399901m Nwenber M, M22 Om4e'342022 Wrtiw.� 19. ^SL» N O�wme 0.f0 Unarm Trade In VaTra In tllue OfO 0w tamp MerbtVelue �i LM�rM. stl Irsnc $M,SOa9ffi.SB 158.300.b1 GMP Paul 19,500,292.58 w,399nolm Total $09,508,282.58 $09,309,901.89 PFM Asset Management LLC —MMF1 ' c l AcmunF Statement ForeM Monet enaily Mommha ao, 9ou CM OF PALM DESERT - PALM DESERT HOUSING AUTHORIIY_ rase 9emwmt mare 9r DM1arn„mmd •ma Date DMe rramaalon Description Unemrm armm.mm Bumea0wnad Otxming Balance 99A,19,901,89 11130/22 Whim m Inr Dlv RClnroNnu-0nhibugoa SIDymle Closing Balance Mane Rama ImD MovenWr JYIWryJbYM11DBf Opening Balance 49,349$U1 89 W tlce Clon9 Balan PUNaaa 158,3Bi.fi9 6noalW Monthly Balance 4 355/8135 Redemptions Dead Chahs) 0.0) 000 Monthly Distribution Yield 3.90Ms C Dwhuraeaen4 0W 000 (Amon Balarce 49,5039 58 e9,60B,9B2-.58 aah Dynan& and 1ncane 1s%:mohe 673,6B2W PFM Asset Management LLC —gages C Amount Statement -Transaction Summary wrnre MOMa aiding noeember ao,:an CII OF PALM DESERT - RDA SUCCESSOR AGENCY -- PALM DESERT_ QRpiny Mail Yelce 5]8990 Hwunber 30, 3033 October 31, 3023 Wrt s is 53 Ba@nrti,ru WreWMha?s 0 W tlwme In Value OW Mad"MerbtVelue Ca,h uaaena: antl lmnc Ss em.sb 8.58 GMP Pool 5,80856 5)8990 Total $5,800.% $5,789.98 PFM Asset Management LLC —PM l ' c —L- AIXODUL SfHL¢UI¢UL Poo Me ManN Entlilg XBvember 30,3033 CM OF PALM DESERT- RDA SUCCESSOR AGENCY -- PALM DESERT_ road, Settkmm[ Marerc CalhrPnquR Toml Date Wte rransaRlon Description UnXRiu clTareatllm &wm Wnal Otxming Balance 5]BggB 11130122 Whim m¢Ilnr Dl,RCMrohnml-tTGnbutiors Closing Balance Mane Rama YaD MowMMr JanuryHw¢nbr Opening Balance 5m 5' Clono Balance 5.1al Purd�aa 1856 ]903 flovrage Monthly Balance 5,]M..W Redemptions Dead. Chahs) 00) 0.00 Monthly Distribution Yield 19016 C Dahur®men4 ODO 0On (Amon Balance Sp so D,wM.sD a,h Dmiaend, and ancnme Is 53 xm S aaaa.w PFM Asset Management LLC —Pass 1814@, 12A5 PM lNF PeBuIer Moxhly Slatemlot California State Treasurer Fiona Ma, cva Local Agency Investment Fund December 14, 20M P.O. Box 942809 Sacramento, CA 942o9-0001 LATE Home (916) 653-3001 EMIA Averag€NWLSWX Yield CRY OF PALM DESERT CITY TREASURER 73-510 FRFD WARING DRIVE PALM DESERT, CA 9n60 2578 Tran Type Defiu'(om Account Number: — November 2022 Statement Train Web Effective Transaction Confirm Confirm Date Date Type Number Number Authorlred Caller Amount 11/141202211/142022 Acenent Summer¢ RW 1918002 1678335 RALAINA PEREZ -5,W0,000.00 Toml Deposit: 000 Beginning Balance: 32,353,416.65 Toml Withdrawal: -5,000,000.00 Ending Balance: 27,353,416.65 1814122, tU]PM LAW PBBUIar MCMM1ly Sl Mwt California State Treasurer Fiona Ma, cva Local Agency Investment Fund December 14, 20M P.O. Box 942809 Sacramento, CA 94209-0001 LATE Home (916)653-3W1 PMIAAveragc Mon ly Yield PALM DESERT HOUSING AUTHORITY CITY TREASURER 73-510 FRED WARING DRIVE PALM DESERT, CA 9n60 2578 Tree Type Defiu'(vm Account Number: — November 2022 Statement Ace unt Snmmary Total Deposit: 0.00 Beginning Balance: 978,502.30 Total Widndrawal 000 Ending Balance 978,502.30 1814122,4%PM LAW PeBular MCMM1Iy 51 Mwt California State Treasurer Fiona Ma, cva Local Agency Investment Fund December 14, 20M P.O. Box 942809 Sacramento, CA 94209-0001 LATE Home (916) 653-300 1 EMIAAveragc Mon ly Yield SIATO THE PALM DESERT REDEVELOPMENT AGENCY FINANCE DIRECTOR 73-510 FRED WARING DRIVE PALM DESERT, CA 9n60 2578 Tree Type Defiu'(om Account Number: — November 2022 Statement Ace unt Snmmary Total Deposit: 0.00 Beginning Balance: 747.45 Total Widndrawal 000 Ending Balance 747.45 Fund Summary Report County of Riverside TreasurerTaxCollector miti�nr. mom _ crlaFWMD Owt $]9.147,4666] law MW $19.]0],48667 _ RDASucma Ag Palm De ft $337AS MW $0.W $337A6 Gmummal. $99,147.$$A19 $0.60 O.w $]$i0].$$$.1$ Fund Detail Report County of Riverside Treasurer -Tax Collector 1W= 3W1= .®.. rr.... .wsr®...9.,•nM Door IWI= Wit= 033n pm $new] B ymm pm ymm City of Palm Desert Investments Summary December 2022 The City's investment portfolio is detailed below. Investment transactions were executed in accordance with the California State Government Code, the City's Investment Policy and all bond indentures. Cash is sufficient to meet the next three months of expenditures until additional revenues are collected. Investment Portfolio: $ Millions Beginning Ending Book Value Purchases l$ Redemptions& Book Value %of Maet Class 1WI12O 2 Deposits Withdrawals 12/31cS022 Portfolio Agencies $ 40.97 $ - $ - $ 40.97 14% Corporates 29.99 5.01 35.00 12% Negotiable CC - - - - 0% CAMP Pool 48.31 4.19 - 52.W 18% UIF Pool 27.35 0.16 (7.00) 20.51 ]% County Pool 79.75 0.25 15.00) 75.00 25% Custodian 63.21 0.18 - 63.39 21% Trustee 2.94 - - 2.94 1% Cash 18.68 28.67 (37.86) 9.49 3% Total $ 311.20 it 38M $ (49.86) s 299.80 100% ®= Resbicxexi Nntls basuld coup bond irManture terms. Major changes to the pordolio doing the monM of December Indude the addition of $2.23 M In galas tax, and $1.8 M in mensieit occupancy tax 8 shod -tans rentals. Property acquisitions in the amount of 6.85 M, and pumhase of Medium -Tenn holes in the total amount of $5 M. Portfolio Allocations, Maturities and Performance: I nvestment Al location Investment Maturity Performance -Total Porfolio o Agencyza% 3 n co,re,aze ux x x a¢41n �etl 23% Yrt,�•ree bcalGaN 51x ----�-f- 31A 3Y xV 3Y 4Y 5Y zaol z.nue xseP z.on z.xo. x-o.o —ciry Yield—ulr Yieltl—]vi.gill CITY OF PALM DESERT Portfolio Management Portfolio Summary Dewmber 31, 2022 par Oil Bank al Nst wm Ima¢ImaM¢Ish,N, ANNNinit CAkW szpvmas s 52pg4352e 1421es oro 2NrNAWOI Still? us 67Z ZINO Vital s3sist 15 e338NANN Nallial2.6s xrvEav43[CWxn PMS MKILM1.19.47 E3.10%=.07 300.300 m Im.M in 2% 211 lm vma CashanGMcluMlnbml c wsxid nanew 0Att.2MH MF IAN O4R3Y34 1 1 0000 Inn uimxnmel A40i Invest at NMI Saint aMsal 35 yea 35 TWI Cash and lnaoManb 2MIa4M91 mlao,N .02 MAMAWAY 150 250 2900 Tabl Earnings, MnmM1L all Ending EYUI Vurto gW Cunan Yta MA01.12 3.305,( 15 Awrga Did"Idl 311.m0.i EaMNe Pale a2 Whim 3M% HIMAIIAMMenessiMithasalffil W Iundcl tMaMlWla M✓a I WIMUN. Vnbn Unit Cu¢1My S0Mze 0m povltlM III nal Ickes Mall W,rwaw¢ecul All p04nm¢an bank Etlanwc M'%N raski mlwleban^in, PoMpage olu Summary MIN durend dmNa v. vaWnlm Cal all D icier Wpndlmg pi 1y0V3M1.12n1R1132 PutldlmCm AP emwm.MMMM-13" lsi( N CITY OF PALM DESERT Portfolio Management Page I Portfolio Details - Investments Decem0er 31, 2022 •e.xY CARP aDCm W.zz6.48BA2 5022646512 LaL.aL.I: syslzlal lawa CARP POM(DRERl 2lsgAMFl4 22657MR 2268.7LA. 61211,425 P LALasafi MONUML LAMaRa FEDERAL AGExay. COUPON IXVAwAo L>MUW 2Aw74731 6pOAmAo �13NAAFFI A* FEDERAL HME -CAN Re CORP leg=1 aAwpAAfi z,M00 2swM310 slarttws zm FEES " azl a .ee)Ae zmaemm 2AAFA4aw raft 2eel, am Ia.wAwEe y«,mnw lAjn Alu9 see up LURE 12000 %RX 20an.1L.13 205171ne san.1W.L a1ll WARPAL.ta =511 20M.1M.13 PEBEwu AOEHcv.auABI£� 6pApO.66 46668DOW 4WCAP3.20 OL.pAAO 2FDOWDw 2,999217W Aaa56111 600AWA6 2WMX 3AW.6W.Po AWAWPo 313WT5n3 756 FEDERALHORELOANDATIK 11M412asaWgWPW aAWAW.Po age Peal A ega 11w llmmuDe aY AAT.IM.16 OWAWAO M21PMPM NA"la"I sewn gas 1M WEECABN BAIANCEB PWtlbcnV M PNINal161.3.11 b lle all CITY OF PALM DESERT Portfolio Management Pere 2 Portfolio Details - Investments Decemtear 31, 2022 behave r 1M18TEE¢ABXBNAXCEB 404 GOLUMM! FOUND GOVERNMENT FUND DOOM 2am eAe 4130 RUN 4 MO 1 1sAID9 162WI17 18RATJ 11 674alUe 874214v aPSYW p1f IAIGAPb6 1,<1 1A16AR W PWs,cFV` M PmanGN/Q7.e.11 AWAIsIyL1L'd9 Portfolio Management Pe➢e8 Portfolio Details - Investments Decendwr 31, 2022 wd. CUSP e 1MI8)EECABXBAAXCEC WVNII mvam xss )w onion x IIATAI ]2319om H IIUUA61 a. "AvOlAb 2~14A5 ;Ne,mJe ;ey®v9 3pupn.n MEWUM-TERM NOTES 0.MAW40 28524NIX 3400,0N.Po FINANCIAL NEWNAN 3➢m➢M.W AN.ON.Po FUND IMINKR2 Foxflwuo 5WHOMM 44e4DR 9 5,000.WPW SANAN.Po N34ND.N ONAN.W 8D1MPN 2,9WA6741 Se33m.w ®) Wu im3n8Ns �WlmO 3kOW 343Xwum WNA37A FUNDSCUSTODUUN PROJECT SANA36.99 5,NANB.92 5AWAN.89 115ARAD a15AUDD S33sm3a»e m3 RRETAM e,m;3N3in e ®ADAN9 0,W,i915 OUMIUMN O,3NAN.15 WVEBBIOE CMJNW POOL OSNN D524W POOLED NV 74UNGJFQ95 YnN .W T➢n.l) 70.9N )AN&NLN 74.MbM➢6 CUSTOMS PROJECT nM03 PWmocrt AP 9xlFvFNM7311 CITY OF PALM DESERT Portfolio Management Page a Portfolio Details - Investments Decem0er 31, 2022 us uw�dl ieblNgwrege ]11,2WMlY 2W.M.INbI "MecuOT 2W.lp,W 44 1.904 Is Pwtldb CliV M aMl�l�91.a.11 CITY OF PALM DESERT Portfolio Management Portfolio Details Cash Decemi2er 31, 2022 Page ompPENNING DEPOSIT Yang COAMW POOL ONNW BANK CHECKING ACCOUNTS I15MIM 2 716 821 2.716AH4 291g01 A3 Mel 301]3183 aysia eO 1MM PELRFATp FKIXES CORP 07101 II 1,M.06912 12S&Me 3 1A'+9AFA.33 0.M 1 awnBa eaerca oa & 21111111 9AV ViV 1 5935 iN 4paM lmeemnu 311300M1D MA1MRa1 2970*410.02 299ANA n 22N 1N Potltllu clry aP CTIFOFMALPADIESERT LOR4 IFRM LOANS RERIVGRIE OeeembeAL.Mtt 3pMm wok denied No. hammerhead Voice MewMyON 1 Gp W1,11 RDA' $ N/A 03090 34B Elp Nan $ 1,06e0)(100 03/03/34 lWT esa Highland, ubdq Lrderg..nnaiog"• 5 22,e47a3 M/03/36 sasx Assessment msWn MLl Deferred Won mutmw for R1e,me, Whancho sere DepWnentIflrnona(DrmCf) ded the lees Cry Who In me promoter um of S,ONDDDDos M en)ommbre oarp Wno)nresosceiwrnaeniv of the parent Dererc aedeveropmer yeno, se.araarrcenwbnoraeaan,nxamWarrrarpambaa�arm,. me DDE. nm.e.ar. anneraaro,nonm napowmn nrern rrmrprnnwnyma eaawnemnuwn, rc,amreemuemmra. •• El p Lalanaaapartment, me&on March2 and on September) W damages.. ••• Highlands balmam armaments made on March l a no on September) W each War. PALM DESERT HOUSING AUTHORITY Portfolio Management Portfolio Summary December 31, 2022 par All all %a wlmm Tube Inw¢ImaMsVale,wa,fi, 9wae ll ram all CAMP 49.689=13 agD».al 9mdVmala an 9wan99 weal" M.992.919W ShM.574.01 90.9729]AM 144.0046 1 1 4257 mammal Ca sh InnimuYOlnNw uiwllwl !wM 9¢90 !w.vTm TgB.n!m TWo,ah,,dihmemn¢n4 55,113.M9.9B 55.112. M.99 WIi019.99 0000 4257 Tabl EaminO¢ December 31 all Ell C'mmyea 193.50095 Awrpe DeltyBWnp X017.1l EIIMNe RaY al Relum 991% PoMOlrah"Nr nwh dx mlawMl Wall la am tanmiCWe5ev1e 14 V Pande alclaielm the Pahl quMaeaelderenb.Il M1ea.uOfivlmlvm0bfunb Ibu¢IngvPumam/opelmlarebl0a n¢M YK made. PII bebnces an tank WI»se. iM1c V oIP¢Ndlo' ¢eWlelbn m iM1¢ PoMolb Summary me wnlKEertad 0el. FCT vVcrmlw Call nwnm DYmer Reveal Pnbe 1y0VA9IM1=2 pvMVIb 11A AP A. Na. mnemn-1e.e Remmry.mma le PM(W_m9o.11 L1tVJ 21;9gdl:PP1-9ICREl9t:IN] Ak]Vd Portfolio Management Page I Portfolio Details - Investments December 31, 2022 ue1u1M1 (Age AYA120M tzoo9 mea9➢m19 nAdNo.19 su4mWNAnns amelem O"AHWAS aY52lPn 40"AWu 1 am WF ➢W21009 2103 MAPN 9838MOS SWA9.99 PRNI.19 9®AnN w%616M PNA13N I am CWTOMIN PROJECT PIMDsu4mY 6Txw2Y4%,G w Fla GAU AUWMMtut u 9 age am OAD 0 am TunineeAvuy 51,917AxN HAUA74AP f4n2n4,09 WAnp9m 1 am Po�Ab XR M 9MI�A62.9.11 b vts�� PALM DESERT HOUSING AUTHORITY Portfolio Management PEI Portfolio Details Cash Decanter 31, 2022 CHECHING 9ASSIA0 3EI 3=59.0 aysAU16 AI HOVSIXGN AT UST 0/WV.VN 4MAG2A0 4S,N2W 4N562.50 1 00e TavIowh,,N I, SUIVAMSO SAINAWAB MUiHA" %.MEANT 1 Aw Po11bb XF M aXISvI RDA SUCCESSOR AGENCY Portfolio Management Portfolio Summary December 31, 2022 wlam TTWC Inw51m msMawYAM RVffdaMCVJNWPML UUMP s336.6n gM61 Mmal R 0 15.59A116.50 153mVaM iRlm>aTtesxaux¢[s-GF 16.Mi.tY.aB 1519].]]B.]B IS.M]5.59 IMM 1 1 0.109 GM1 P p010,918.61 8.010.91B.61 6,010,918.61 1npmTumemNw ulWe0ma1 TWI Cam dad lnaeeManla 31.007.SR.90 3p07,59.90 21A07.553.90 ow 0.100 Awlpe UeltyBWnaa 1].N0.Bi5.X mns me Rab W Ralun lcawa ThIa In Pm, 0,,l REa Inmmmra wMMe Msennm01 mead&, Gmenlmm CamSwum Fawn5Y01 and Ne Cry GPah mma.ARlawca,n,, b,nk.NmIaM mi,cs,bPBXI R. dff,,he 'cawmn sh bd mM or Aen'N+601®rv®u6panN0upm W Cun1y NRIwMaMNaSW NCeII,m,. 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C vwmio Chavax, Finance oYe[b Ranmme r^IW IvmJ2122121910022 P ,o REM R R. a.a.mxLmm-1.o1 xen..alY.lnawmaml• .nlmr�nnaq.11 RDA SUCCESSOR AGENCY Portfolio Management Faye I Portfolio Details - Investments Decem0er 31, 2022 N.u.nS RIVERSIDECWNiYFOO. 062470 DOOM PODDED INVOCTMENT FUND MOUNDS MJA MCI MAD IDN YEN I IDN Svs575 ne CUP PUM1RDA5y YUKEN Essig 5Aa.R fANN SAM.n %=C1 5AT.le I am WF ENDS DO L A.1.F.IRW SA) COMUNA 75125 751 w 75125 DUN I LOSS SUMMareaAwma" USTEECASNaAIAXCES-MINA TR 247NOW04) an U S SANK MONEY MARKET ACCOUNT WOBSOF 627wl TAB] W 23638100� M US SEEK MONEY MUSKET ACCOUNT O'A1M1N DOO Ow .01R )ASSAN]5 l,N ]AL'AN.m :.&ODUUN 29a0.ARN 2AWS55.0/ PC 1 DOES MIANWA) 845 US LUCK MONEY MUSKET ACCOUNT OpUNM 4ARAM21 44NSN,N 4AWA431 ]ER1 W14 M1 US SAM(MONEYMMUSTACCOUNOU 1 Sf&.All ISUMMISAO Kul M}tl.InM I am TRUSTEECASNeAEANCES.aF PEUtlu RUSS M FNIREl101.3.1I Mal all RDA SUCCESSOR AGENCY Portfolio Management sayer Portfolio Details - Investments Decem0er 31, 2022 ro3svl 3obinoA"us, 17,~13's 30.T3iNT lonrnRM 3o.IWAMio 3 Dion Million, Rene M 3aonv 0o73.11 RDA SUCCESSOR AGENCY Portfolio Management s.s•> Portfolio Details Cash December 31, 2022 UNION BANK GNECWNG FGGOUMG sYs6R 69 R SUCCESS F 04X "JV16.51 6,010,31M 6.010A16.51 1 OOS Tww4lh,MI w w 17"AMN 211W.S N 2101.662N 21N]iRN 1 6103 Yotltlu RODS M PMI�PR01.a.11 Detember31,2022 SymPro gook Stoned No. Imestment Value Maturity Date Interest Rate 738 EIP Wan • $ 212,000.0 09/D2/29 3.W% reanimates " UP balance adjustments made on Match and September of each year. Debt Service for March 2022 and September 2022 will be recorded to the General Ledger for November and the Journal Entry will be posted In January 2023. The City G/L for EIP Debt Service will reconcile to the outstanding Debt Service schedules once the entry is distributed. CAmount Statement- TmnsaC4on Summary ForMeftM E,Ming December 31,2022 CII OF PALM DESERT - CLTY OF PALM DESERT_ QNnIn9 Mail Yelce 9fi,04]}09.50 aae r3L=2 aemnbv30,E03E Nmazas Ons 754 GMp ol 9135Po 050 SQ2M9 A2 1fi,07las.sa bnre Trade o.ao 3Mal sso,2tt,aeau y 7,luam ouige In value W pMarbtval }50,230pe61122 �i IM�,b. stl Immc 1A357.5 PFM Asset Management LLC — nul i ACCnuM StH nnenL Por the March E lin9 Demmber 31, A22 CRY OF PALM DESERT- CRY OF PALM DESERT_ Trade SaLUM w Marerc CamrAnsout TaMd Date DMA, Transwtim Descripton unnnim GTanmaim 91wa QenM o12in eziarc 4AD47.1D&W 12/09122 Ivosy wmn lmmin9We¢ 100 a,omom.Do sooa7,uxa lww0 Dvom M llhimiedv Rn'maNan-D69IDWbu I.OD 50,226N 12 C Mtlalao Opening Salama Putl,ms R emptlou Dead. CM1 ks) acm,g 6alamn dae w ,Imae am 1mmm Mmma TveaIT1D OxenEer JuauryJlemnWr bum WUn 4,IM,35 57,193,20026 Average MonMly Balance O.OJ AM MOMMy Dlstllbutlon Yleltl s%2 A66u 50226A66.12 49,W ,421.92 4JM 5%22g46612 PFM Asset Management LLC —Pa9a2 CAmounts Wnne1R- Tmruuwdon Summary ForMeftM E,Ming December 31,2O22 CII OF PALM DESERT - DESERT WILLOW GOLF RESORT_ QNnIn9 Mail Vd Ua 2R9l. aae r3L=2 avmnbd30,E03E WrtM1eaas eta �ns f MP Pool 0.00 2,2617N.11 2,2 ,52 M Unre Trade NO Total E2,2",7N.10 E2,260,522.80 done In Value W pMarbtVelue f2.20&285.14 ,d Im 8.20.34 PFM Asset Management LLC —Paul c—L-rJ ACCOunL SfHLemenL Por the Month EMin9 December 31, A22 CM OF PALM DESERT- DESERT WILLOW GOLF RESORT_ road, Senkmm[ Marerc CalhrPnquR Total Date Wte Transaction ,earl o unn Rim alT wain 91wa Qenal 0l,ening Balance ;260,52u0 12130/22 01jmA3 r>cel Inrmn, D,, Rclnro4nm[-Qehibutiors CIwNp Balance Mane Fiscal Yan llatembe JuluaryLecanbr Opening Balance 2)w,5 B0 7I0,I3e31 Clotlno Balance PYrd ,w, 8,20,M 1,538,45083 Amnon Monthly Balance 2,261,055.91 Redeml,tluM Dead Chars) 0.00 0.00 Monthly Distribution Yield 4.30% C Dlehww,wn4 008 08n (Amon Bal,we ;258,786.14 2268,28614 a.h Dynan& and lncnme 8'aaM 33,450.1B ;26e,786.14 PFM Asset Management LLC -Page CAmount Statement- TmnsaC4on Summary ForMeftM E,Ming Detemav 31,2022 CITY OF PALM DESERT - PALM DESERT HOUSING AUTHORITY_ QNnIn9 Mail Vd Ua 49W9202.50 ae[ r3L=2 awmbv30,IDR Nmazaas 1 4n ss GMp Pool `D,[09,3 A3 19.503.382.50 Unss Trade 020 Total f09r0o9,3a1]3 $09,s00, w done In Value am CW,q MarbtVelue 3'00r6B9,]6¢13 �iIM�rb. ,d Im ]03.gnm PFM Asset Management LLC —oam3 ' c l AcmunF Statement wr me Month ErMin9 December af,mn CM OF PALM DESERT - PALM DESERT HOUSING AUTHORTfY_ rade 9emmrmt mare or DdurnrrMMrt Tmal Date Date Transaction Dencripwin Une M1m artmmamm su.aownea 0l,ening Balance e9,50e,28ase 12130/22 01J03/23 . I Iron, Dry R,inomiorc-Dwb,t,a l]wN9 Balance Mane Fiscal YN oecMroer .I.,Bw,rdamnleM 49j50N 3.Y anain9 Balanee WBalance Nwa 103977.55 8X,61(115 Monthly Balance 99S1ArDBss Redemptions Dead. cheer") 000 000 monthly Distribution Yield 4a0% f Dwhur®aen4 OW ODO (Among Bal,we ,689,366f3 49AAM,20D.13 a.h Dynan& and mean. loy'nvys Bs4,61015 49fim,Tro.13 PFM Asset Management LLC —pages C Amount Statement -Transaction Summary Forme Momm [wing Detemueray 2022 CII OF PALM DESERT - RDA SUCCESSOR AGENCY -- PALM DESERT_ QNnlny Mail Yelce 5,80856 naenber 3L=2 Mwmbv M,PUP3 Wrt x 123 20m Pahl Trade UAnce ane Orb In tlwme In Value 0W Ose"MarbtVelue Ca,, wemrw a,d nl as,eaa.n 21.n GMP Pall 5,829A 5pM.% PFM Asset Management LLC —Ml ' c -L- AIX¢UUL SLHL¢UI¢UL Portlle MaMM1 ErMin9 December 31, 1U31 CM OF PALM DESERT - RDA SUCCESSOR AGENCY -- PALM DESERT_ road, Settkmm[ Marerc Dodarlowut Tohl Date Wte Transaction Dencripwin Unn Rim alT wain Q. Wnal 0l,ening Balance %itaisd 12/30/22 01jmA3 r II In n,, Div ReNro4nm Dw:,,botiors CIwNp Balance Monte Fiscal YN December .lemuiyaec«near Balance 5 sIM26 anain0 Balance Prd,w, 31d9 Monthly Balance 5,tym RedemlrtionsDad. Chea") 00) 00) Monthly Distribution Yield 4a0% CA eh Duhur®mee4 ODD 0On (Among Bal,we 5p20.T9 S,eol d.h D,,denae and ancmne uzs tmzh "as." PFM Asset Management LLC —Pass 11M23.8 U PM WF Regina wool, stnoolaM California State Treasurer Fiona Ma, cva Local Agency Investment Fund January 04, 2023 P.O. Box 942809 Sacramento, CA 14209-0001 LAIF Home (916) 653-3W1 EMIA Averag€NWLSWX Yield CRY OF PALM DESERT CITY TREASURER 73-510 FRFD WARING DRIVE PALM DESERT, CA 9n60 2578 Tian Type Defiu'(ons Account Number: — December 2022 Statement non Web EDecfive Transaction Confirm Confirm Date Dann Type Number Number Authorized Caller Amuant 12I16202212I162022 RW 1719268 1679595 KALAINA PEREZ -I'Mop0no 12I202022 12I202022 Aeenent Sommary RW I719370 1679680 "LAMA PEREZ 6,000,00000 Total Deposit: 0.00 Beginning Balance: 27,353,416.65 Total Withdrawal 3,000,00000 Ending Balance 20,353,416.65 m loai8, 8:34MI unElb]Filgll ruvrOWSTUMIGHM California State Controller LOCALAGENCY INVESTMENT FUND REMITTANCE ADVICE Agency Name CITY OF PALM DESERT Account Number As of01/13R023, you Local Agency Investment Fund account has been directly credited with me interest eamM on you deposits for me quaver ending 12/312022 Earnings Ratio .00005680946']09337 Interest Rate 2 0]% Dollar Day Total $ 2,881,957,ID9.05 Quarter End Principal Balance $ 20,353,416.65 Quarterly Interest Earned $ 163,722.48 hips lflnaso.womMaeuh.aµ ill 11M23.833PM L r MgU14 Manly 3lelertem California State Treasurer Fiona Ma, cva Local Agency Investment Ford January 04, 2023 P.O. Box 942809 Sacmmeny CA 94209-0001 LAIF Home (916)653-3W1 EMIAAvemgc Mon ly Yield PALM DESERT HOUSING AUTHORITY CITY TREASURER 73-510 FRED WARING DRIVE PALM DESERT, CA 9n60 2578 Tree Type Defiu'(vns Account Number: — December 2022 Statement Ace vat Semmary Tote] Deposit: 0.00 Beginning Balance: 978,502.30 Total Widulma l 000 Emdivg Balance 998,502.30 11IM3, 8: 38 M1 untllt9Pilgll ruvrOWSTOMIGHM California State Controller LOCALAGENCY INVESTMENT FUND REMITTANCE ADVICE Agency Name PALM DESERT HOUSING AUTHORITY Account Number As of01/13R023, you Local Agency Investment Fund account has been directly credited with the interest eamM on you deposits for the quarter ending 12/312022 Earnings Ratio .00005680946909337 Interest Rate 2090% Dollar Day Total $ 89,979,075.13 Quarter End Principal Balance $ 978,502.30 Quarterly Interest Earned $ 5,111.66 hips MaKeal.womMaeuft a" ill 11M23.833AM L r flew¢, W,uft 3lel ,u California State Treasurer Fiona Ma, cva Local Agency Investment Ford January 04, 2023 P.O. Box 942809 Sacmmeny CA 94209-0001 EAIF Home (916) 653-300 1 EMIAAvemgc Mon ly Yield SIATO THE PALM DESERT REDEVELOPMENT AGENCY FINANCE DIRECTOR 73-510 FRED WARING DRIVE PALM DESERT, CA 9n60 2578 Tree Type Defiu'(ons Account Number: — December 2022 Statement Ace Mat Snmmary Tote] Deposit: 0.00 Beginning Balance: 747.45 Total Widulma l 000 Ending Balance 947.45 loans, 8: 35 M1 untllt9Pilgll ruvrOWSTOMIGUM California State Controller LOCALAGENCY INVESTMENT FUND REMITTANCE ADVICE Agency Name 8/ATO THE PALM DESERT Account Number As of01/13R023, you Local Agency Investment Fund account has been directly credited wits the interest eamell on you deposits for me quaver ending 12/312022 Earnings Ratio .00005680946709337 Interest Rate 2090/, Dollar Day Total 9 68,732.51 Quarter End Principal Balance $ 769A5 Quarterly Interest Earned $ 3.90 hips lflnaso.womMaeuft a" ill Fund Summary Report County of Riverside TreasurerTaxCollector CIry INPtlm Deel $79.767,46667 RDA Sucma Ag Palm Desert $33705 $209,016N ($5.W6.666.W) $70,936,502% $105 $0.w $338.51 Gmumcal. $]9.]4i.$3A18 W6017.A ($5.000.W0.00) $74.9M..M1.a5 Fund Detail Report County of Riverside Treasurer -Tax Collector om ab EVVo EVV= w M,743.�67 Wm s79a47r�.67 wlwm:z wlw= 12127 T I Ta ry +Il rii. W00 (S3,000,wom) nv<!Uffi.•T 1y O= IS3 lwID 19116 I[ INTGIRW Tre ,y 131 fli, P] M628 POO n.99 X2m n•.� $74,�e!102 ON m .. .o.�...w.+M w... Ivv= zv� POO 174.995M 41 RI3p'dII3 RI3w IvN 14 m K im u. T q Infl, $1.05 WOO 3»93MI,6 53LSI 5600 $MM Finance Committee Agenda Packet 1.24.2023 Final Audit Report 2023-01-20 cmi 223d1.20 er Si cile r.lamv3aat man mmwa Tranmelbn 10: CWCHSCAAAVAmV4wOIWs7yNDCGNxclexlNdWe "Finance Committee Agenda Packet 1.24.2023" History a5 Document seated by Saran Carta (scaslro�dtyofpalmtlesert.org) L:y Document emalled to Vemnlra Chavez (wM1avezQ ItyOpalmtleserl.ag) for signature =341.20.82IM PM GMT Email viewed by Vemi Chavez (vcnavez@ciryopalmdeaed.arg) m230120-&mM PM GMT do Document e-3ignetl by Veronica Chavez (vchavez®aWpalmtlesed.ory) 819 whe Oab'. 20280120-824 ep PM GMT- Pine Sourw'. rover G DocumentemaiRN to Skky Garcia Dad) for signature Email vlawed Dy Skky Gampa (agarcls@clt"almtlearri =34420.82433 PM GMT o Document e-signed by Skky Garda lsgeraa®dty0palmdesert.mi 515Muce Dab'. 2(1210M0-833:27 PM GMT- nine Scurw'. carver- Vacuum captured War dzi war phme ri KVIXX l O Agreement completed, 2023-0180-0327 PM GM1 Q Adobe Acrobat Sign